1050 S FLOWER ST.
Los Angeles, CA 90015 · APN 5138-013-073
UNITS
266
BUILDING SF
269,786
SF / UNIT
1,014
YEAR BUILT
2006
BEDROOMS
99
BATHROOMS
99
USE · CODE 0553
5+ UNITS
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PROP 13 ASSESSED VALUES, USUALLY WELL BELOW MARKET ON LONG-HELD BUILDINGS.
No market sale detected on this parcel since 2021. The last recorded transfer may have been a refinance, trust move, or family transfer that didn't reset the Prop 13 base.
LIKELY UNDER AB 1482 STATE CAP
Built 2006, inside the City of Los Angeles. Construction after 1 October 1978 is outside the RSO, so the statewide cap applies instead: 5% plus regional CPI, never more than 10% in a year.
Recent sales nearby.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON S FLOWER ST · ZIP 90015
SIMILAR SIZE AND ERA IN 90015
The short answers.
Is 1050 S Flower St rent controlled?
Built 2006, inside the City of Los Angeles. Construction after 1 October 1978 is outside the RSO, so the statewide cap applies instead: 5% plus regional CPI, never more than 10% in a year. This is an inference from public assessor records, not a determination. Confirm the certificate of occupancy date with the LA Housing Department or ZIMAS before you rely on it for pricing or notices.
How many units does 1050 S Flower St have?
County records list 266 units at 1050 S Flower St, classified as 5+ units across 269,786 square feet of building area, averaging about 1,014 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 1050 S Flower St built?
The assessor roll gives a build year of 2006, which is after the 1 October 1978 RSO cutoff. The ordinance turns on the certificate of occupancy rather than the roll's build year, so a building finished either side of that date is worth confirming with LAHD. Age drives more than character here. It sets rent-cap exposure, seismic retrofit obligations, and what a lender will underwrite.
When did 1050 S Flower St last change hands?
The most recent transfer on the roll was recorded May 2017. Not every recorded transfer is a market sale: refinances, trust transfers, and family conveyances all appear in the same field, and those do not reset the assessed value.
What is 1050 S Flower St assessed at, and is that what it is worth?
The current assessed value is $147,974,715 ($37,602,985 land, $110,371,730 improvements). Assessed value is not market value. Under Proposition 13 it resets only on a change of ownership and then climbs about 2% a year, so a long-held building is often assessed far below what it would trade for.
How do I find out what 1050 S Flower St would sell for today?
Public records give you the frame, units, size, age, assessed value, and when it last traded, but pricing needs in-place rents, expenses, and the condition of the units, none of which appear in county data. A broker valuation puts closed comps and a rent survey against the actual rent roll. Shaya Lowenstein does that free for LA multifamily owners, typically within 48 hours, with no obligation to list.
Leave an email and I'll come back with what it is worth and whether the owner is likely to trade. It does not have to be for sale, and it does not have to be my listing.
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